Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: https://hdl.handle.net/10419/262224 
Erscheinungsjahr: 
2022
Schriftenreihe/Nr.: 
CFR Working Paper No. 19-05
Versionsangabe: 
July 28, 2022
Verlag: 
University of Cologne, Centre for Financial Research (CFR), Cologne
Zusammenfassung: 
To best utilize labor, companies need to match employees' skills with jobs that best fit those skills. Exploiting unique features of the mutual fund industry, we identify instances when this matching happens for fund managers and study its consequences. After fund managers are matched, they improve their risk-adjusted performance significantly. Fund companies use this information to maximize company value by reallocating existing and directing new capital to their matched managers and by collecting higher fees from the matched managers' funds. In addition, they make the expertise of matched managers available to the other managers of the fund company.
Schlagwörter: 
human capital
mutual funds
occupational match finding
JEL: 
G23
J24
J62
M50
Dokumentart: 
Working Paper

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